TMCNET eNEWSLETTER SIGNUP

Verafin Records Another Year of Revenue and Bookings Growth

Verafin
Inc. (www.verafin.com),
a leading provider of fraud detection and anti-money laundering (FRAML™)
software, today announced another year of growth with a nearly 50%
increase in bookings and revenue versus 2011.

Delivered support for new FinCEN regulatory reporting requirements
ahead of the 2013 deadline;

Chosen as one of the top 10 Best Places to Work in Atlantic Canada by
Progress Magazine.

Most importantly, Verafin's innovative FRAML software continues to help
financial institutions across North America stay a step ahead of the
latest criminal fraud schemes. Laura Dennehy, BSA Specialist and fraud
investigator at BankFIRST, a commercial bank located in Central Florida,
shares one example. In just two months, Verafin helped BankFIRST prevent
over $140,000 in online fraud losses. "We saw [the remote banking fraud
alert] in Verafin and called the customer right away," says Laura.
"There is just no way we would have caught [the activity] without
Verafin, we would not have even seen it until at least the next day when
they were already gone."